DALLAS— As the U.S. industrial sector continues to exhibit significant positive momentum, Jones Lang LaSalle’s Capital Markets experts today announced the firm has arranged a $65 million credit facility that Dalfen America Corp. (DAC) will use to purchase warehouse and distribution facilities.
Managing Director Randy Fleisher and Executive Vice President Jason Piering led the Jones Lang LaSalle (JLL) team on this transaction. Bank of the Ozarks provided the credit facility.
DAC, a private equity firm based in Canada, already has used the credit facility to purchase a Class A, 123,500-square-foot industrial building in the Southpoint Business Park in Charlotte, North Carolina. The facility, located at 13501 South Ridge Dr., features twelve dock-high doors, one drive-in door and 221 parking spaces.
“The industrial sector has rebounded strongly from its depths during the Great Recession and is proving to be a popular and good investment for those who purchase commercial real estate,” Fleisher said. “We’ve seen the return of small- and mid-cap tenants to the leasing market, and the national vacancy rate dipped 10 basis points to 8.2 percent in the third quarter. Rents are appreciating, and speculative construction has returned to markets across the United States.”
"Randy Fleisher and his team have been an invaluable resource to us. Their professionalism, responsiveness and knowledge have been exceptional. Over the years, Randy has consistently performed to meet our financing needs in both Canada and the U.S.,” said Sean Dalfen, Managing Principal & Chief Investment Officer.
About Dalfen America Corp.
Dalfen America Corp. is an investment arm of the Dalfen Group, a leading private equity real estate firm headquartered in Montreal, Canada with regional offices in Orlando, Dallas, Tampa and Las Vegas. Through its investment funds, separate accounts, and strategic joint ventures, DAC acquires and manages commercials properties and securities throughout North America.
About Jones Lang LaSalle
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.
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Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.
Contact: Heather Filkins